Office Properties Income Trust Suspends Quarterly Distribution to Preserve Cash

Office Properties Income Trust (Nasdaq: OPI) today announced that its Board of Trustees has suspended OPI’s quarterly cash distribution on its common shares of $0.01 per share ($0.04 per share per year) in order to preserve OPI’s cash. OPI currently expects to retain approximately $3.0 million of cash annually as a result.

About Office Properties Income Trust

OPI is a national REIT focused on owning and leasing office properties to high credit quality tenants in markets throughout the United States. As of March 31, 2025, approximately 60% of OPI's revenues were from investment grade rated tenants. OPI owned 125 properties as of March 31, 2025, with approximately 17.3 million square feet located in 29 states and Washington, D.C. In 2024, OPI was named as an Energy Star^® Partner of the Year for the seventh consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $40 billion in assets under management as of March 31, 2025, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. OPI is headquartered in Newton, MA. For more information, visit opireit.com.

WARNING CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon OPI’s present intent, beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond OPI’s control.

For example, this press release states that OPI expects to retain approximately $3.0 million of cash annually as a result of suspending the quarterly cash distribution. However, OPI may not retain the cash it currently expects from the dividend suspension or otherwise preserve its liquidity. OPI’s distribution rate may be set and reset from time to time by OPI’s Board of Trustees. Further, OPI’s Board of Trustees considers many factors when setting or resetting OPI’s distribution rate, including OPI’s funds from operations and normalized funds from operations, cash available for distribution, requirements to maintain OPI’s qualification for taxation as a REIT, the then current and expected needs and availability of cash to pay OPI’s obligations and fund its investments, limitations in OPI’s debt agreements, the availability to OPI of debt and equity capital, OPI’s expectation of its future capital requirements and operating performance, OPI’s expected needs for and availability of cash to pay its obligations and other factors deemed relevant by OPI’s Board of Trustees in its discretion. Accordingly, OPI cannot be sure whether it will pay future distributions on its common shares or as to the rate at which any future distributions will be paid.

The information contained in OPI’s filings with the Securities and Exchange Commission, or SEC, including under the caption “Risk Factors” in OPI’s periodic reports, or incorporated therein, identifies other important factors that could cause differences from OPI’s forward-looking statements. OPI’s filings with the SEC are available on the SEC’s website at www.sec.gov.

You should not place undue reliance upon forward-looking statements.

Except as required by law, OPI does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.

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